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Import and export duties, licenses and tariffs
There
are no customs tariffs on goods imported into Hong Kong. All that is
generally required is for an import/export declaration to be submitted
to the Commissioner of Customs and Excise within 1 days. Some special
rules apply for specific items, such as motor vehicles (on which first
registration tax is payable).
Although most products do not need
licences to enter or leave Hong Kong, a few items are subject to strict
import and export licensing control. These include textiles and
clothing, dangerous drugs, arms and ammunition, medicines,
pharmaceutical products, animals, pesticides and certain foodstuffs.
The
Government collects an excise duty on only four types of goods
irrespective of whether they are imported or locally manufactured:
tobacco, hydrocarbon oil, spirits and methyl alcohol.
Sector-specific licenses
Some
business sectors will require licences or registration to conduct a
specific activity. These include – among others – restaurants, travel
agencies, employment agencies, banks, fund managers, insurance brokers
and lawyers.
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